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20130129
20130206
Search Results 0 to 11 of about 12 (some duplicates have been removed)
. the economy is deteriorating. you can come up with any excuses you like. hurricane sandy did, the republicans or lower defense spending but the fact is numbers are what they are. the economy is contracting. layoffs are at far too high a level. if you dig into today's report, in december the holiday period our spending in america went up only .2%. a deteriorating economy, bill. bill: that is paltry. the gdp number, help me understand because they explain the drop-off with cuts to defense spending, right? if that is the case, is it only federal spending that is keeping us going in any direction? >> hold on a second. there is always an excuse. over the past four years whenever the economy has turned sour there has been an excuse. the japanese tsunami. the egyptian arab spring, the europeans, trouble in japan, the republicans, the downgrade, hurricane sandy. drop-off in defense spending. there is always an excuse. the fact is, we have never achieved a robust expansion since the end of the recession. now this latest go round yesterday when the economy showed to be contracting it was blamed on lowe
. look what is going on in the u.s. economy because we got brand new jobs numbers that just came out and they show sluggish hiring in the month of january. the labor department reported that the national unemployment rate jumped a little bit, now 7.9% up from 7.8% from the previous month. that doesn't really include people who decided they wouldn't look for work anymore and dropped out of the workforce for the time-being. the latest report showed employers added 15,000 jobs last month, not enough to really stimulate the economy -- 157,000. or create a new jobs growth picture. bring in fox business network senior correspondent charles gasparino. what is your take on these? >> not uniformly terrible. we added jobs in prior months. revised some of the job additions upward. we did create jobs but what i will tell you is carry about this number the narrative remains the same. this is an extremely slow-growing economy that is producing jobs at a very meager rate. when more people look for jobs unemployment ticks up. a quirk in the numbers. takes too long to explain why. the narrative, mart
out the bubbly just yet. we got word the economy shrunk for the first time in 3 1/2 years. stuart varney will make sense of all this. he is anchor of "varney & company" on the fox business network. stuart, what do you make of that. >> it is not always true that economic performance is directly mirrored on the stock market. in fact you have a classic example today. let me start with the very dismal news on the economy. in the last three months of last year, our economy shrunk, contracted at annualized rate of .1%. back then we were staring tax increases in the face. there was the fiscal cliff coming right at us. consumer sentiment was in a tailspin. and weak holiday sales. add it all up, and you have got a contraction of the economy at the end of last year. okay? you've got a contraction. right now, just a few short weeks later, what you've got is a near-record high for the stock market. the dow is closing in on an all-time high. that is because the housing market is recovering. that is still true, despite the slippage in the economy. housing is recovering. most important, ben bern
's paycheck went down as taxes went up. that will take $200 billion out of the economy. now you have got gas prices spiking. that's going to take even more money out of the economy just as the economy starts to slow down and contract. the timing as you said could not be worse. gregg: you are such a kill joy on a monday morning. stu varney. martha: so this spike at the pump appears to be no fluke but a part of an ongoing trend. gas prices have gone up for 18 consecutive days. 18 states have gas prices higher than the national average. they are feeling the pain of that more than the rest of the states. we are just getting started on this monday morning. gregg: ahead. a deadly chain reaction crash involving a tour bus. details on what investigators think went wrong in a live report. martha: president obama in his super bowl interview. he dropped a bit of news. he is pushing once again for increased revenues. there is only one way to get those these days when you have got an economy that's not growing. former president wash adviser karl rove is here with us next. gregg: a little boy in alabama s
economy, if you will, a more and more consumers are using their debit card. more and more consumers are using their credit cards. >> a penny fear your thoughts, or lucky penny or things like that. martha: the u.s. is wrestling with the same issue. you know when you go to buy something and you have the canadian penny. gregg: you should patiently take them out. i put them all in a jar and once a year i take them down to the bank and i get $10. martha: that's what guides are for. get them to roll them up. gregg: welcome to bin ladenland. pakistan to build an amusement park in the very town where a team of u.s. navy seals killed the al qaeda leader. eric, what are they planning? >> reporter: imagine you win the super bowl and they say what are you going to do now? you say i'm going to abbottabadland. the notorious town where usama bin laden was killed by navy seals in 2011. it will start at 50 acres. they hope to go up to 500 acres. it will include a heritage park, jogging trails, rock climbing. mini golf, everything for a well-heeled pakistani family to go to for the weekend. it turns
within seven days he is warning the entire country could collapse. >> well the economy is already in the tank as a result of what's happened in the so-called arab sprung over the past two years. i think the only outcome that is foreseeable here if the government doesn't get its act together the military will step in aontrol. this is radical islamized party that gained boyer in egypt. it is a pattern for what i'm afraid we'll see across the entire region. bill: challenges to come. thank you, john bolton, mr. ambassador, thank you. >> thank you. bill: 19 past here's martha. martha: a republican governor's new plan that could return money to the wallets of taxpayers. we'll tell you where that's happening. bill: the president's new immigration idea could impact a bipartisan effort already underway in the senate. what about that? florida senator, marco rubio on his view. you will hear it. >> i think it's a good moment to remind people and the country that the vast majority of conservatives favor legal immigration. we don't have a legal immigration system that works right now. mommy's h
Search Results 0 to 11 of about 12 (some duplicates have been removed)